The post VeChain (VET) Sets Sights on $16 Trillion Tokenization Industry appeared on BitcoinEthereumNews.com.

VeChain is undergoing a full tokenomics adjustment through VeChain Renaissance to tap into the $16 trillion tokenization market. Initiatives like the MaaS platform, and VeBetterDAO position it to be a significant contributor to transforming how assets are digitized in the digital economy. ​VeChain, a Layer 1 platform for smart contracts, is positioning itself to capitalize on the burgeoning $16 trillion tokenization market projected for 2030. As revealed on an X post by Michaël van de Poppe, VeChain’s Renaissance initiative introduces two key upgrades aimed at driving sustainability and long-term value. First, B3TR Token Incentives reward everyday eco-friendly actions with B3TR tokens, encouraging greater community engagement in sustainable practices. This aligns blockchain technology with real-world impact, promoting environmental responsibility through tokenized rewards. Second, Deflationary Mechanics for VTHO enhance the platform’s utility token by introducing mechanisms that reduce its supply over time. This approach strengthens VTHO’s long-term value and sustainability, making it more attractive for holders. Additionally, VET stakers can expect higher annual percentage yields (APY), further incentivizing participation in the ecosystem. Complementing these efforts, VeChain supports VeBetterDAO, a decentralized autonomous organization (DAO) focused on the tokenization of sustainable assets. By leveraging blockchain technology, VeBetterDAO fosters a community-driven ecosystem where individuals, businesses, and non-profits can collaborate on sustainability initiatives. Through B3TR rewards, it incentivizes participation and showcases the transformative power of tokenization in tackling global environmental challenges. Simplifying Tokenization with MaaS VeChain continues to push the boundaries of blockchain innovation with initiatives like its Marketplace-as-a-Service (MaaS) platform. As CNF reported in May 2024, VeChain launched its MaaS platform, a no-code solution designed to make creating, listing, and managing digital assets more accessible. This platform encourages businesses and individuals to create “phygitals”, digital twins of physical items that bridge the gap between the physical and digital worlds. Additionally, it enables comprehensive tracking of…

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Filed under: News - @ March 22, 2025 1:18 pm